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Calumet Specialty Products Partners LP Message Board

  • wcsg122 wcsg122 Mar 9, 2013 11:43 PM Flag

    Canadian Heavy

    After reading teh article on Canadian Heavy (WCS) price jump to $20 discount, I thought it best to do a little research. There are many articles on the subject under news for VLO. For most of 2012, it appears the Wcs discount ranged from $15 to $25/bbl. In December through February 2013, the discount was extreme at $30 to $40/bbl. Therefore, it appears we are just returning to the historic equilibrium. The WTI/Brent discount remains similar at about $20/bbl.

    Sentiment: Strong Buy

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    • Part 2: As far as CLMT, the Q4 gross profit for specialty products was $18.60/bbl and refinning was $15.41/bbl. The Q4 report stated the company had locked in a portion of Q1 margins at $23.77/bbl; Q2 at $27.77/bbl; and Q3 & Q4 even higher. I would expect the company was active in Q1 locking in additional margins for the remainder of 2013 and 2014.

      Sentiment: Strong Buy

27.84-0.01(-0.04%)Feb 27 4:00 PMEST

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